How to Verify Your IEEPA Refund: REV-615, ES-701, and the Lump Sum
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TL;DR – Your refund hits your bank account as one lump sum per IOR and liquidation date — no line-item breakdown in the ACH transaction itself. To verify it: use the ES-701 Courtesy Notice of Liquidation Report to see refund and interest amounts per entry, and the REV-615 Trade CAPE Detail Refund Report to track diversion and payment status. Both are in ACE Portal under Standard Reports.
Why Verification Is Harder Than It Looks
Most guidance around CAPE focuses on getting the declaration filed correctly. Verification — confirming the refund that arrives in 60–90 days matches what you expected — gets far less attention. But the reconciliation problem is real and specific to how CBP structures the payment.
CBP consolidates refunds by IOR and liquidation date, then issues a single ACH direct deposit per consolidation group. The ACH transaction contains a dollar amount. It does not contain a list of entries, a duty breakdown, or an interest breakdown. If your entries liquidated across multiple dates, you receive multiple payments — but each is still just a number.
Three things make verification non-trivial.
Debt offset (diversion). Before CBP issues your refund, it applies the amount against any legally fixed and undisputed outstanding debts you owe — unpaid duty bills, penalties, or other CBP obligations. This happens after liquidation and before the ACH payment, with no advance notification. The refund that arrives may be reduced without explanation.
Interest compounding. CBP calculates interest daily under 19 U.S.C. § 1505, using IRS quarterly rates. If your estimate used simple interest or a rough annual rate, it will differ from what CBP calculated. See Interest on Your IEEPA Refund for the exact formula and rates by quarter.
Mixed-code entries. Entries where IEEPA duties weren't cleanly separated at original filing — for example, entries with both Section 301 and IEEPA codes, or entries where the IEEPA HTS line carried an incorrect entered value — may produce different refund amounts than expected.
The Two Reports You Need
REV-615 — Trade CAPE Detail Refund Report
REV-615 is the CAPE-specific refund tracking report, available in ACE Portal from April 20, 2026. CBP's own guidance states: "Diversion occurs after liquidation of the entry summary but before the refund is issued. The Trade can run the REV-603, Trade Refund Report, or, effective 4/20/26, the REV-615, Trade CAPE Detail Refund Report."
REV-615 shows:
- Which entry summaries in your declaration were accepted or rejected
- Whether a diversion (debt offset) occurred on any entry after liquidation
- Refund issuance status
Run REV-615 from the point your entries start liquidating through to payment receipt. It is the report to check if a payment arrives smaller than expected and you suspect a debt offset occurred. CBP also references the older REV-603 Trade Refund Report for general refund tracking — REV-615 is CAPE-specific and the more precise tool for this process.
ES-701 — Courtesy Notice of Liquidation Report
ES-701 is the entry-level liquidation report. CBP states importers can use it "to identify the liquidated amount on the entry summary." Once your entries reliquidate through the CAPE process, ES-701 shows each entry's refund amount and interest as separate line items.
Practitioners in the first days of Phase 1 have confirmed ES-701 is already populating with reliquidation data, showing refund amounts and interest amounts by entry — making it the closest available document to a line-item receipt for your refund.
For entries in extended or suspended status, the companion ES-702 Official Notice of Extension, Suspension and Liquidation Report covers those separately.
Both ES-701 and REV-615 are in ACE Portal under Standard Reports. Search by report name if you don't see them immediately in the menu.
How to Reconcile When the Payment Arrives
Step 1 — Match the payment date to a liquidation date. Each ACH payment corresponds to entries that liquidated on a specific date. Identify the liquidation date associated with the payment by checking your ES-701 entries — find the group of entries that reliquidated on the same date and whose refund amounts sum to what you received.
Step 2 — Check REV-615 for diversion. If the ES-701 sum is higher than the ACH payment, a diversion occurred. REV-615 will show whether CBP offset any amount against an outstanding debt obligation before releasing the payment.
Step 3 — Compare against your ES-003 baseline. If the ES-701 entry-level numbers differ from what you expected based on your ES-003 data, identify which entries diverged. Common causes: IEEPA duty amounts that CBP netted against other duty adjustments on the same entry at reliquidation; the entered value was on the IEEPA HTS line rather than the commodity line at original filing; or there were other duty changes on the entry that CBP applied when recalculating.
Build Your Expected Number Before Filing
The verification problem is easier to manage if you have a documented expected refund total before submitting — not after.
The baseline is your ES-003 export filtered for 9903.01.xx and 9903.02.xx HTS codes. Sum the duty amounts for eligible entries — that's your pre-interest expected refund. Layer in interest using the quarterly rates and daily compounding formula from Interest on Your IEEPA Refund.
For entries with both IEEPA and Section 301 codes, confirm that only the IEEPA duty lines go into your expected total. CAPE removes 9903.01/9903.02 codes — it does not affect 9903.88.xx Section 301 lines. Including Section 301 amounts in your estimate will cause the actual refund to look smaller than expected.
Document your expected total per entry before submitting. When ES-701 populates after reliquidation, you'll have a clean comparison point.
ACH Enrollment: Refund vs. Duty Payments
One detail that causes missing refunds: the ACH enrollment for receiving refunds is separate from the ACH used for making duty payments to CBP. Both live in ACE Portal, but they are configured independently.
Perkins Coie confirmed in April 2026 guidance: "the bank account information designated for refunds is separate from any ACH information used to make payments to CBP. Refund recipients must provide refund-specific bank information through the ACH Refund Authorization tab in their importer sub-account in ACE."
If your ACH was configured only for outbound duty payments and you never enrolled for refund receipt separately, CBP will hold your refund with no notification. Check both configurations are active before your refund is expected to process. See ACH Setup Guide.
Frequently Asked Questions
How do I find ES-701 and REV-615 in ACE Portal? Both are in ACE Portal under Standard Reports. Search for "ES-701" and "REV-615" by report name. REV-615 became available on April 20, 2026 — if you don't see it, confirm your account has access to revenue reports and that the report date range covers post-April 20 data.
My ACH payment is smaller than expected. What do I check first? Run REV-615. A diversion entry means CBP applied part of your refund against an outstanding obligation before releasing the payment. The report will show if this occurred. If no diversion appears and the payment is still short, compare against ES-701 entry-by-entry to find where the discrepancy originates.
ES-701 shows a lower refund amount than I expected from my ES-003. Why? Several possible causes: your ES-003 included IEEPA duty amounts that CBP netted against other duty adjustments on the same entry at reliquidation; the entered value was placed on the IEEPA HTS line rather than the commodity line at original filing; or there were legitimate duty differences at reliquidation that CBP applied. Run ES-003 and ES-701 side by side by entry number to identify diverging entries.
When does ES-701 show reliquidation data? Practitioners confirmed ES-701 began populating reliquidation data within days of entries being processed in Phase 1. For already-liquidated entries (which reliquidate the next business day after CAPE acceptance), ES-701 data appears quickly. For unliquidated entries set to liquidate 45 days after acceptance, expect ES-701 data roughly at that mark.
Does CBP send any confirmation when the refund is issued? No direct confirmation is sent. The ACH deposit appears in your bank account with a CBP origin code. REV-615 and ES-701 in ACE Portal serve as the documentation of record. Download and preserve these reports after each payment for your accounting records.
Can I dispute a refund amount I believe is incorrect? Contact IEEPARefunds@cbp.dhs.gov with your specific entries and the discrepancy. If the issue is a debt offset you believe was applied incorrectly, that's a separate dispute through CBP's revenue division. There is no formal CAPE-specific dispute process published by CBP as of April 2026.